Personal Bankruptcy


The attorneys at Gillman & Gillman LLC are experienced New Jersey Bankruptcy attorneys who have represented clients in Chapter 7, Chapter 11, and Chapter 13 New Jersey Bankruptcy cases for more since 1981.   While the laws may change, our commitment to providing our New Jersey Bankruptcy clients with honest advice does not.   By limiting our practice to representing individuals and Small Businesses experiencing serious debt problems, Gillman & Gillman, LLC are New Jersey Bankruptcy lawyers who can help you learn your legal rights and use the laws that protect you to get a fresh start by eliminating or restructuring your debts.

The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13.  As much as 65% of all U.S. consumer bankruptcy filings are Chapter 7 cases.  In 2012, more than 75% of all consumer bankruptcy filings in New Jersey were Chapter 7 cases.

Bankruptcy offers an individual a chance to start fresh by forgiving debts that simply cannot be paid while offering creditors a chance to obtain some measure of repayment based on what assets are available. In theory, the ability to file for bankruptcy can benefit an overall economy by giving persons and businesses another chance and providing creditors with a measure of debt repayment.

Personal bankruptcy filings in the United States can fall under one of several chapters of the Bankruptcy Code, Chapter 7 (which involves liquidation of assets) and Chapter 13 (debt repayment with lowered debt covenants or payment plans).   While more common in business cases, an individual meeting the debt limits may also file a Chapter 11 Bankruptcy.   There are also bankruptcy options available to businesses via a Business Bankruptcy.


Bankruptcy cases may also be effective ways to address some of the following other debt problems:

The information set forth above is not legal advice which can be provided to you only after a full review and evaluation by an attorney of your particular circumstances and the remedies which may be available.